What to Know Before Buying a Foreclosed Home
There are a few questions you want to consider before purchasing a foreclosed home. In most cases, a foreclosed home is cheaper than other houses in the same area; but, at the same time, foreclosed homes are sold ‘as-is,’ meaning you will likely be responsible for any repairs. If you’re looking for an affordable option or a diamond in the rough, then a foreclosed home could be the right choice for you. Here is a list of pertinent questions to ask yourself and your agent before buying a foreclosed home.